Labour Management Approach Overall (GRI 401-405)
Barloworld is committed to the ongoing creation of shared value for all its stakeholders through the purposeful stewardship of the six capitals and balancing our stakeholders’ interests.
Value creation for stakeholders is impacted by the group’s Purpose: Inspiring a world of difference, enabling growth and progress in society, its three strategic objectives (Deliver top quartile shareholder returns; Drive profitable growth; Instil a high-performance culture) and its responsible citizenship programme.
Employment is covered by our strategic objective of ‘Instil a high-performance culture’, and the Intellectual and Human capitals.
The group’s Code of Ethics includes; Obey the law, Respect others; Be fair.
Barloworld’s Worldwide Code of Conduct sets out the group’s five core values. It determines how our aspirations and values are translated into actions and behaviours.
Our code of conduct reminds us of the standards to which employees and the group are accountable, and consequently it also informs the group of what is to be regarded as material. Commitment, Teamwork and Sustainability, three of our core values cover employees.
Our Commitment value provides ‘We are committee to fair labour practices’.
Our strategic framework, approach, and related targets, are endorsed by the board and institutionalised reporting structures ensure board oversight of progress.